I think that the approaches that were established under the previous US administration will be radically revised, including the sanctions policy, this is our assumption, - the Prime Minister said this in response to a journalist's question, which concerned Donald Trump's statement regarding banks.

According to Irakli Kobakhidze, the US needs to restore credibility towards the American banking system, as well as towards the international banking system, and, therefore, what they are talking about is absolutely logical.

“In general, the policies that were implemented under the previous administration pose a threat to the credibility of the banking system, so the fact that the Trump administration is considering reviewing this approach is absolutely logical. The United States needs to restore credibility to the American banking system, as well as to the international banking system, and therefore it is absolutely logical what they are talking about. I think that the approaches that were established under the previous administration will be radically revised, including the sanctions policy, this is our assumption,” the Prime Minister said.

According to the Associated Press, President Donald Trump signed an executive order mandating a probe into whether banks have discriminated against conservatives and certain industries like gun manufacturers and cryptocurrency companies, invoking the vast powers to go after entities that the Republican president alleges have discriminated against him and his allies.

The executive order deals with an issue known as “debanking,” which is when banks close accounts of individuals or declines to go into business with certain industries. Trump has accused JPMorgan and Bank of America of debanking him and his companies in the past, something both banks have denied.

Trump ordered federal bank regulators to make sure banks do not discriminate against individuals or companies for their political or religious beliefs. He also ordered bank regulators to probe when banks may have allegedly discriminated and refer the cases to the Department of Justice within 120 days.